[Asian exchange markets] stock markets and oil prices are sluggish, driven by yen buying, yen rising FX168 news Wednesday (February 24th) Asia Pacific period, the yen against the dollar and the euro and other major currencies rose, due to the stock market and crude oil prices led to the risk aversion buying. After Saudi Arabia ruled out production cuts, oil prices fell at the beginning of this week, hitting the rising momentum of the stock market. Japan shares Nikkei index fell 0.7%, other Asian stock markets also fell. EUR / JPY fell to around 123.05 in the day and touched a low of 122.99 in the last 3 years. US dollar yen also set a 11 trading day low of 111.62, currently around 111.75. Fukatani Koji, the president of FPG securities, said, "theoretically, the yen is not a currency that should attract buying. But speculative buying continues to boost the yen, and as long as market participants believe that the currency is relatively safe, this trend will continue." At the beginning of the year, the dollar was expected to have an advantage over the yen, because the Fed (FED) was expected to start a series of interest rates. But recent global market swings, including the fall in stock markets and commodities, have weakened expectations for US interest rates and strengthened the yen’s yen. The Bank of Japan (BOJ) announced that the negative interest rate policy at the end of January, but in a surprise move to curb the yen’s rise, the yen against the dollar in early February surged to a 16 month high. On Tuesday (February 23rd), Kuroda Higashihiko, President of the Central Bank of Japan, said that expanding the base currency alone would not immediately push up prices and inflation expectations. The comments also encouraged yen bulls. On Tuesday, Jordan, the president of the SNB, also said that the central bank’s unconventional monetary measures had limitations and needed to be continuously evaluated. This highlights the plight of the central bank under the pressure of fighting the pressure of deflation and supporting the economy. The Swiss central bank has also implemented negative interest rates, but the Swiss Franc remains strong because of its dangerous position. Overnight, the dollar declined by 0.8% after the Swiss franc, and the modest comments from FED officials helped limit the decline of the euro dollar. Coplan, the president of the Dallas fed, told the British finance that the Fed may need to maintain interest rates for a longer period of time and set aside time for inflation to return to its 2% target. Kathy Lien, director of currency strategy at BK Asset Management Co, pointed out that "the euro is under pressure, but compared with other major currencies, the decline is negligible, because there is a risk aversion, and 1.10 get active defense.". However, weak economic data and the risk of Britain’s removal from Europe should push the euro down further." The possibility of Britain’s withdrawal from the European Union continued to pound sterling, and the pound fell to a 7 year low of 1.3964. In addition, with the global risk appetite and oil prices decline, also drag on the Australian dollar and other commodities related currencies. At 13:45 in Beijing, the dollar index was 97.50, the dollar yen was 111.7478, the euro dollar was 1.101113, the pound dollar was 1.397278, and the Australian dollar was 0.717881